So far in November, the two indices have gained over 8 percent against a 5 percent rise in the benchmark Sensex. Analysts, however, caution that the upside may be limited from here on amid stretched valuations
In the broader market space, BSE smallcap index has surged about 48 per cent in its 52-week low hit on March 28, 2023, while BSE midcap is up by 42 per cent since the same time from its yearly lows.
Bulls dominated the Indian stock markets on the very first session of the year 2023 as the benchmark indices - Sensex and Nifty - closed on a positive note.